Author Question: Which of the following is not an exogenous factor of production in the aggregate production ... (Read 54 times)

olgavictoria · **on:** Jun 30, 2018

Which of the following is not an exogenous factor of production in the aggregate production function?

a. Technology
b. The real wage
c. Capital
d. Labor
e. These are all factors of production.

Question 2

The IS curve becomes steeper when there is

a. a higher marginal propensity to save.
b. a smaller parameter measuring the interest sensitivity of investment.
c. a lower marginal propensity to save.
d. Both a and b
e. Both b and c